Eubel Brady & Suttman Asset Management Inc. Cuts Position in The Bank of New York Mellon Co. (NYSE:BK)

Eubel Brady & Suttman Asset Management Inc. decreased its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 9,002 shares of the bank’s stock after selling 264 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in Bank of New York Mellon were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $39,000. Fortitude Family Office LLC raised its stake in shares of Bank of New York Mellon by 130.6% during the third quarter. Fortitude Family Office LLC now owns 611 shares of the bank’s stock worth $44,000 after acquiring an additional 346 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Bank of New York Mellon during the third quarter worth approximately $46,000. Modus Advisors LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $49,000. Finally, Concord Wealth Partners boosted its stake in shares of Bank of New York Mellon by 150.5% in the 3rd quarter. Concord Wealth Partners now owns 754 shares of the bank’s stock valued at $54,000 after purchasing an additional 453 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Up 0.1 %

Shares of NYSE BK opened at $87.29 on Friday. The firm has a fifty day simple moving average of $82.04 and a two-hundred day simple moving average of $76.26. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $89.44. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $63.46 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. During the same period in the prior year, the firm earned $1.28 earnings per share. Bank of New York Mellon’s revenue was up 11.2% on a year-over-year basis. Equities analysts expect that The Bank of New York Mellon Co. will post 6.93 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. Bank of New York Mellon’s dividend payout ratio is presently 32.36%.

Wall Street Analyst Weigh In

BK has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Bank of America boosted their target price on Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wolfe Research lowered Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.